German unemployment rate rises for first time since 2013

BERLIN: Germany’s unemployment figures rose in May for the first time in more than five years, official data showed Wednesday, amid signs of slowing growth in Europe’s biggest economy. Five per cent of people were out of work in Germany, up 0.1 percentage points, the Federal Labour Agency said in seasonally adjusted data. In March […]

Uber posts $1b loss in first earnings report since IPO

San Francisco: Ride share giant Uber on Thursday reported a $1 billion (Dh3.67 billion) loss in the first quarter of this year despite rising revenue and monthly users. In its first earnings report as a publicly traded company, Uber said revenue climbed 20 per cent to $3.1 billion from the same quarter last year, but […]